Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: saprakib on October 01, 2024, 03:35:25 PM
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
It's one of the criteria to go out of your sessions clean both in mind and in profit, though, many other factors play out - your expertise, analysis, a bit of luck, etc.
I would say it's important, but patience doesn't have a last say in trading. Each person is different and he has areas on which he should work on more.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
Its one of the key to success but of course it will really be also needed up for an individual on making up the right decision because too much holding your position or having no set up
limits or target or goals will really be might lead into regrets on the moment that you would really be missing out on securing profits just because you've been hoping on something more.
It will really be that needed but doesnt mean that you would really be holding up your position too long, not unless if y ou would really be that going for long term then this wouldnt really be an issue but if you are someone whose really that wanting or liking to see profits in a short term period then you shouldnt be making yourself holding for long.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
Patience is not the key to success in trading because trading requires more than patience it requires more knowledge about the market, charts, news and psychological behaviors etc. Patience is the most important behavior though because in trading we have to wait for the right opportunity and when we take entry we have to wait for our trade could hit the target.
But without knowledge of how coins move up and down and what's the impact of news on them and making trades is pointless on the basis of patience only. Anyway we must control our emotions and be patience when we have the knowledge and we should not sell in panic.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
It's one of the criteria to go out of your sessions clean both in mind and in profit, though, many other factors play out - your expertise, analysis, a bit of luck, etc.
I would say it's important, but patience doesn't have a last say in trading. Each person is different and he has areas on which he should work on more.
Really helpful and good explanation concern trading. You have said details with short. I think you are really right that not only patience need to analysis, expertise and many more. I also mention a few that help more which are we need to learn fundamental analysis, technical analysis, research and even where we need to take entry and exit. Now i have shared more idea which we need to work with. Hopefully it will help us to note and study to make more profitable trading in future.
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With what you said on your post, I agree with you but to an extent. It is true that as a trader, you need to have patience in trading, but I believe it has a limit.
As for traders who deal on spot trading, it is a good strategy that one must posses in other to grab reasonable profits. As a spot trader one must need to possess at least 80% patience in other to maximize profits.
On the other hand, a trader who deals on futures trading and taking leverage, patient doesn't really work as it may seem because when you grow too patient hoping the market will grow in price and vice versa depending on how the trader places his trade and it turns against him, it is better being impatient and bearing the risk of losing a little by selling at loss than ending up losing everything by getting liquidated.
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Patience is one of the keys to winning a trade, but it is mainly the key to Holding coins in my opinion. Patience is needful in every business, most times it is much more requires on some investments.
Traders who are always patience are considered to be very successful, but i think that the crypto Day traders, Future traders doe not get that patience to hit it bigger.
Generally, patience pays off in business and not many traders/traders can wait
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those holders are patient enough to have made a large sum when they hold their BTC for a longtime. through out the blockchain history there are still wallets that have yet not touched their BTC since the genesis. its speculated its owned by satoshi and if true then satoshi himself have the patience to just wait til it goes a million each.
swing traders are doing the same, they just wait for the bull run and bear season since this the cycle in crypto. after halving, there is always bull run and after bull run, there's bear season.
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there are so many keys to success in crypto, not only patience, we also have to have knowledge about crypto and basics in managing our assets, how in the future we can make money every day... the most important thing in starting to trade is that you have to find out a lot of crypto news that is circulating so that you don't get caught up in coins that are experiencing negative impacts from the news circulating.
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Of course, patience is the most important key to success in trading. If you do not have patience for deals, it is better not to start any deal, because any trade needs some time to be completed.
Even in long-term investment, you need patience, because during this long period the price may fall several times, so if you do not have patience, you will sell at a loss.
Some traders who do not have patience do quick scalping deals, but this strategy is dangerous, especially for beginners.
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That's right, it's not just patience that must be considered in trading, and what must be added again is as you said earlier... so if we rely on patience alone and have no basic or knowledge whatsoever about crypto, like building a house but not knowing the mixture of materials for the house, then it will not be successful and even if it is successful, it will not last long.. we must provide input to each other in this forum so that people here know the steps in trading, not just trading.
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Patience is part of it but I won’t say you should overly rely on being patient when you have no sufficient knowledge of the trading market. In order to be patience, you need to have acute a lot of knowledge about trading and also work on putting that knowledge into practice. The term patient in trading comes into play mostly when the traders are impatient with their trade when they’re winning or when they’re losing. Research shows that traders are always getting used to being patient while losing and hope the market reverse and goes their way. They don’t apply such patience to profitable trades and that’s how they loss out on their big wins. This is natural and it happens to almost everyone during trading.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
Simply, based on experience, yes, it is.
It is one of the key successes, one of them, not the only one.
And indeed based on several crypto trading theories, patience is also one of the keys to success. This patience is very essential for traders to optimize their profits.
What is meant by patience in trading is when we are able to wait patiently for our holding time until we reach the target price, regardless of what happens with market conditions. Of course, this is also equipped with good analytical skills related to what coins and what their targets are. so that patience is not only about waiting for time, but also in analyzing coins for trading or investment.
more info"
https://crypto.oanda.com/uk-en/labs/learn-crypto/how-to-trade-cryptocurrency-profit/
https://cryptoadventure.com/secrets-of-success-patience-and-long-term-thinking-in-crypto-trading/
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
yes patience is the key of success but it does not work for every time because many time if you only keep patience but not analysis the market then patience can harm you a lot. because if you just invest without any analysis for without using any strategy then you can suffer a lot. trading is not an easy task you have to accept this word. you cannot get success without gaining the good analysis skill. there are thousands of coins available on the crypto market. so you must have to choice any coin for investment very carefully otherwise you will lose in trading or holding
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Patience is the key to success in life but trading is kind of different because who wants to make money from buying and selling of coins daily is not patient. All they think is to be making money from trading daily but which is not possible. That is why you will see holders make money than traders. Holders are patient while day traders are not patient.
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Yes, patience is key to success in trading. It helps traders wait for the right opportunities, avoid impulsive decisions, and stay disciplined during market fluctuations, leading to better long-term results.
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Patience is part of it but I won’t say you should overly rely on being patient when you have no sufficient knowledge of the trading market. In order to be patience, you need to have acute a lot of knowledge about trading and also work on putting that knowledge into practice. The term patient in trading comes into play mostly when the traders are impatient with their trade when they’re winning or when they’re losing. Research shows that traders are always getting used to being patient while losing and hope the market reverse and goes their way. They don’t apply such patience to profitable trades and that’s how they loss out on their big wins. This is natural and it happens to almost everyone during trading.
Yeah, I agree with that point. Patience is necessary, but we also need to clarify patience for what kind of work. I don't support an inexperienced trader who continuously buys and sells, then patiently accepts losses for years to gain some basic understanding of this market.
A trader needs patience to:
1. Learn about the market and tools for working with the market: indicators, software, CEXs...
2. Research, use, and customize tools for trading.
3. Accept the complexity and unpredictability of the market.
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Patience is the key to success in life but trading is kind of different because who wants to make money from buying and selling of coins daily is not patient. All they think is to be making money from trading daily but which is not possible. That is why you will see holders make money than traders. Holders are patient while day traders are not patient.
the purpose of someone trading is to make money if possible every day or long term, only if trading long term may produce profit very long so that we can not turn money ... I think it depends on their knowledge and strategy, if a trader is professional in buying and selling then the trader is the one who makes money every day and vice versa. then the holder or trader depends on the person so how they can get profit from their funds in the future.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
yeah patience can help you to keep your coins holding and many time you can get a good return if you can patiently hold your investment . but if you get panic for market dumping and sold your coin in loss then it will be very difficult for you to recover your previous loss and make profit with this. so you must to be patience then and avoid panic. so many time patience can be a key to success on trading
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While I agreed, I remembered, day trading doesn't really require that much patience. You make a trade, and either you close it with profit or you close it with as minimal loss as you can, proıbably with stop loss. Leverage is also a trading method, which you do not have to be patient neither, margin and all ,in all together futures do not require patience. So I think it could be said that we are going to end up with something that is getting a great deal of profit, we are not going to see something changing for long time. Patience depends on what you are doing and we need to make sure that we are going to deal with what we deal with based on what we do, not an exact science.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
I will say yes patience is the key to success in every sector when you will see by the side view like you have to be hardworker in this case you have to be patience on the others hand you have to give time put effort on analysis then you will able to be successfully trade and after that you will be a successful trader. So based on these fact yes patience is the key to success in trading.
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For you to be a profitable trader you must learn to be patient, first of all patience Starts from learning and getting yourself acquainted with the technicalities of the market. You can't just get into crypto In two months and understand everything, you must take your time to learn and gain knowledge, this might take a lot of months or perhaps years of consistency. Waiting for a trade to go your way or also waiting for an opportunity also takes patience, a lot of people blow their trading accounts due to impatience.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading.
Patience is key in trading but it is not the only key per day. There's a much more important key than patience in trading and that "knowing how to trade". If you don't know how to trade, if you like be as patient as the patient dog, you will end up blowing your portfolio.
So, learning to be patient is a secondary task in trading while the primary is knowing how to trade.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading.
Patience is key in trading but it is not the only key per day. There's a much more important key than patience in trading and that "knowing how to trade". If you don't know how to trade, if you like be as patient as the patient dog, you will end up blowing your portfolio.
So, learning to be patient is a secondary task in trading while the primary is knowing how to trade.
What do you mean by "knowing hot to trade"? Many of the users on this forum are traders, and they trade in their own way... I even think that everyone's strategy for trading is different so there is no definite reference for correct trading in general... because the most important thing is that we can survive and still make money in that strategy...
Mentioning patience as the key to trading, I think that is too general... because patience is a form of waiting for quite a long time... it is true, sometimes patience is used as the main foundation for achieving success, but that is really too general... it can also be said that the key to all success is patience, because patience is part of suppressing emotional outbursts.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked.
This is part of the success mindset that a trader should establish by himself if he wants to really make it in this very volatile and opportunity-laden industry. No trader can make money without some good level of patience. Without patience, one can go for some risky moves which can decimate one's capital in the end. I am not yet a successful trader myself but I know that in any endeavor there is always that need for patience...much more so in trading. Psychology is half of the game...win it here and you are already half-way in your battle.
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I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
it is an important component but not the primary characteristic i would advise an aspiring trader to have above all i think a trader should be able to remain level headed at all times i think that is a quality that should be valued more when trading compared to patience because being level headed allows you to make decisions correctly based on evidences and it is not just the waiting game but if you are level headed even if you need to make a risky decision, you can do it with enough logic behind it
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I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
it is an important component but not the primary characteristic i would advise an aspiring trader to have above all i think a trader should be able to remain level headed at all times i think that is a quality that should be valued more when trading compared to patience because being level headed allows you to make decisions correctly based on evidences and it is not just the waiting game but if you are level headed even if you need to make a risky decision, you can do it with enough logic behind it
Yeah, you are totally right. As well as to keep some limits for their trading sessions, because without them, newbies especially will suffer in the long run.
Being responsible, patient, and keeping a cool head, as you said, is essential.
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I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
it is an important component but not the primary characteristic i would advise an aspiring trader to have above all i think a trader should be able to remain level headed at all times i think that is a quality that should be valued more when trading compared to patience because being level headed allows you to make decisions correctly based on evidences and it is not just the waiting game but if you are level headed even if you need to make a risky decision, you can do it with enough logic behind it
Yeah, you are totally right. As well as to keep some limits for their trading sessions, because without them, newbies especially will suffer in the long run.
Being responsible, patient, and keeping a cool head, as you said, is essential.
Mistakes are becoming those stepping stones or learnings on which it is really that ideal that you should really know on what you should gonna do on which instead on making yourself
quitting up trading just because you cant bare out the risks then it would be that just a foolish decision that you would ever make. Never that consider out on quitting out easily
just because you had faced up some difficulties on which we know that this is really just that normal since its part of the learning process. It will really be that recommended that you should really that know at least on how you would really be g oing with the flow and learn up things on your own.
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I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
it is an important component but not the primary characteristic i would advise an aspiring trader to have above all i think a trader should be able to remain level headed at all times i think that is a quality that should be valued more when trading compared to patience because being level headed allows you to make decisions correctly based on evidences and it is not just the waiting game but if you are level headed even if you need to make a risky decision, you can do it with enough logic behind it
Yeah, you are totally right. As well as to keep some limits for their trading sessions, because without them, newbies especially will suffer in the long run.
Being responsible, patient, and keeping a cool head, as you said, is essential.
Mistakes are becoming those stepping stones or learnings on which it is really that ideal that you should really know on what you should gonna do on which instead on making yourself
quitting up trading just because you cant bare out the risks then it would be that just a foolish decision that you would ever make. Never that consider out on quitting out easily
just because you had faced up some difficulties on which we know that this is really just that normal since its part of the learning process. It will really be that recommended that you should really that know at least on how you would really be g oing with the flow and learn up things on your own.
..Or at least spend what you are willing to spend on trading sessions, you are totally right.
With determination and enough time + responsibility, a person can become better at trading and the flow.
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Mistakes are becoming those stepping stones or learnings on which it is really that ideal that you should really know on what you should gonna do on which instead on making yourself
quitting up trading just because you cant bare out the risks then it would be that just a foolish decision that you would ever make. Never that consider out on quitting out easily
just because you had faced up some difficulties on which we know that this is really just that normal since its part of the learning process. It will really be that recommended that you should really that know at least on how you would really be g oing with the flow and learn up things on your own.
We must learn from our mistakes if we want to succeed in the future, because in trading we must have made mistakes in analyzing and reading market movements and these mistakes give us experience that we can use in the future so that we do not experience the same mistakes.
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We must learn from our mistakes if we want to succeed in the future, because in trading we must have made mistakes in analyzing and reading market movements and these mistakes give us experience that we can use in the future so that we do not experience the same mistakes.
Success and failure are two key elements that we understand within progression that are common in almost or perhaps all areas including trading. It appears that every mistake we have ever made can be a terrific opportunity to enhance our abilities to analyze the data and our overall insight into the markets.
With these experiences, we are able to prevent future mishaps, and minimize the likes of making similar mistakes in future. It makes us more experienced and capable of making the next trading decision is the next step.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
Patience is definitely one of the keys to make a successful trade I mean if you have enough knowledge to do all the technical analysis too then now you just have to trust yourself and the analysis you done and go with it, if market makes unpredicted moves then don't panic and prepare a plan to make less loss or more profit too.
Proper analysis and with time when a trader saw the difficult time they automatically manages themselves and they automatically builds their patience level because patience matters but if the market is asking us to keep patience only then.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
Yes, of course i am also agree with your excellent comment, which you express your best opinion in your post. So i believe that patience is one of the best way to make money from trading. Because if we follow in any regular trader, we also see that they could success in cryptocurrency market by there patience and strategy. Because we know that trading is very risky for new trader. So when we want to invest or trading, we must be understand in cryptocurrency market. Without experience we can not prosper in crypto trading. Because we believe that patience is the best key to success in trading system. At last we told that if we want to earn best profit we should remain patience for best trading in cryptocurrency market.
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Patience is indeed one of the keys to success, but other aspects should never be forgotten, such as an attitude of never giving up, optimism, diligent learning, intelligence, consistency and many more that also influence success in trading... success itself cannot be achieved only with patience, in my opinion what is more important than patience is consistency... this is sometimes more difficult than patience, and from several books that I have read, consistency is the most difficult thing.
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Patience is indeed one of the keys to success, but other aspects should never be forgotten, such as an attitude of never giving up, optimism, diligent learning, intelligence, consistency and many more that also influence success in trading... success itself cannot be achieved only with patience, in my opinion what is more important than patience is consistency... this is sometimes more difficult than patience, and from several books that I have read, consistency is the most difficult thing.
Well, Understanding is a good start up tool, but to experience high returns, we now need to incorporate constant endurements. The greatest difficulty is not abstinence, but adherence to the steps which are known to be appropriate, though the outcome is not immediately perceptible.
Coherency demands that we grow, stay positive and do not quit when things get tough. With this strength we have improved the trading process, which means that each of our actions is closer to the required level.
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I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??
Yes, there is no doubt about patience on crypto trading, a very strong key which many newbie have not considered as a big factor, and they ended losing trades.
Another factor that is even as effective on crypto trading as being patience is experience, and without experience it will be very difficult to make profit.
Now, experience with some patience has the capacity to yield a reasonable profit on the long or short run basis. It is advisable to obtain a good knowledge and experiences plus patience to be a good trader.